Eight Capital Boosts Lundin Mining (LUN) Price Target to C$11.00

Lundin Mining (TSE:LUN) had its target price boosted by Eight Capital from C$10.00 to C$11.00 in a report issued on Tuesday, BayStreet.CA reports.

Several other equities analysts have also issued reports on LUN. Beacon Securities reaffirmed a buy rating on shares of Lundin Mining in a research report on Monday, March 18th. Royal Bank of Canada lifted their price target on Lundin Mining from C$8.00 to C$9.00 and gave the stock an outperform rating in a research report on Tuesday. Raymond James lifted their price target on Lundin Mining from C$8.00 to C$8.50 in a research report on Monday, April 8th. Morgan Stanley lowered their price target on Lundin Mining from C$8.70 to C$8.60 and set a buy rating for the company in a research report on Tuesday, March 26th. Finally, Goldman Sachs Group reaffirmed a neutral rating on shares of Lundin Mining in a research report on Tuesday, February 19th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Lundin Mining currently has a consensus rating of Buy and an average target price of C$9.22.

Get Lundin Mining alerts:

LUN opened at C$7.70 on Tuesday. The company has a quick ratio of 2.42, a current ratio of 2.92 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $5.85 billion and a PE ratio of 28.73. Lundin Mining has a 1 year low of C$4.70 and a 1 year high of C$8.96.

Lundin Mining (TSE:LUN) last posted its quarterly earnings results on Thursday, February 14th. The mining company reported C$0.05 earnings per share (EPS) for the quarter. The company had revenue of C$538.89 million during the quarter, compared to analysts’ expectations of C$555.90 million. Sell-side analysts forecast that Lundin Mining will post 0.520694264573504 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 22nd were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend was Thursday, March 21st. Lundin Mining’s dividend payout ratio (DPR) is 34.40%.

Lundin Mining Company Profile

Lundin Mining Corporation, a diversified base metals mining company, engages in the exploration, development, and mining of mineral properties in Chile, the United States, Portugal, and Sweden. It primarily produces copper, zinc, and nickel, as well as gold, lead, silver, and other metals. The company holds 100% interests in the Eagle mine located in the United States; the Neves-Corvo mine located in Portugal; and the Zinkgruvan mine located in Sweden, as well as 80% interest in the Candelaria and Ojos del Salado mining complex located in Chile; and 24% interest in the Freeport Cobalt Oy business, which includes a cobalt refinery located in Kokkola, Finland.